DryShips Inc. (DRYS) Short Interest Update

DryShips Inc. (NASDAQ:DRYS) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,609,526 shares, a decrease of 31.0% from the January 12th total of 3,780,820 shares. Based on an average daily trading volume, of 753,647 shares, the days-to-cover ratio is currently 3.5 days. Currently, 8.5% of the company’s stock are short sold.

A number of hedge funds have recently bought and sold shares of the stock. Virtu KCG Holdings LLC raised its stake in shares of DryShips by 36.6% in the second quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock worth $175,000 after purchasing an additional 36,878 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of DryShips in the third quarter worth approximately $200,000. Finally, Covalis Capital LLP purchased a new stake in shares of DryShips in the fourth quarter worth approximately $136,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on DRYS. BidaskClub raised DryShips from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine raised DryShips from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

DryShips (NASDAQ DRYS) opened at $3.32 on Monday. DryShips has a 52 week low of $0.98 and a 52 week high of $4,870.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a market capitalization of $346.19, a P/E ratio of 0.00 and a beta of 1.82.

DryShips (NASDAQ:DRYS) last posted its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.42) earnings per share for the quarter. DryShips had a negative return on equity of 33.32% and a negative net margin of 177.74%. The firm had revenue of $29.93 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.024 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, February 16th. DryShips’s dividend payout ratio (DPR) is currently 0.00%.

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DryShips Company Profile

DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.

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